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OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, November 30th, GBRC, AXTG, SPNI, GTEC, APPI, MIVT.

Publication: M2 Presswire
Publication Date: 30-NOV-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 November 2006-OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, November 30th, GBRC, AXTG, SPNI, GTEC, APPI, MIVT(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:30112006

Our Stocks to Watch today include Global Resource Corp (OTCBB: GBRC), Axis Technologies Group, Inc. (OTC: AXTG), Sports Alumni, Inc. (OTC: SPNI), and watch alerts for Genesis Technology Group, Inc. (OTCBB:GTEC), Advanced Plant Pharmaceuticals, Inc. (OTCBB: APPI), MIV Therapeutics, Inc. (OTCBB: MIVT)

Visit http://www.otcpicks.com to register for our FREE Daily Market Mover's Digest Newsletter.

FEATURED COMPANY

GLOBAL RESOURCES CORPORATION (OTCBB: GBRC) "Up 24.09% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/GBRC.php

Company Profile: http://www.otcpicks.com/profiles/gbrc/index.php

Global Resource Corp (OTCBB: GBRC) is a Worldwide Petroleum Research, Engineering and Development Company that is responsible for bringing innovation and new technologies to the petrochemical industries where they offer many proprietary solutions in secondary and tertiary crude oil recovery processes. Their Patent-Pending technological innovations define new exploration standards including; extracting the remaining in-situ oil reserves from capped-off oil wells, converting shale and/or coal to gas or crude oil, extracting oil from drill cuttings & converting the remaining soil into clean landfill, and cracking automobile tires hydrocarbons into crude oil & carbon black material.

GBRC News:

Nov. 30 - Global Resources Enters Final Negotiations for the Sale and Development of the First Pilot Plant Utilizing Its Newly Acquired Revolutionary Microwave Technology

Global Resources (OTCBB: GBRC) announced today the sale of the first continuous feed shale oil cracking system. This system is being designed and is using GBRC's patent pending process. The system will release hydro-carbons contained in the oil shale rock into gaseous form. The gasses will immediately be heat exchanged into diesel fuel, heating fuel and other heavy fuels on-site. The machine will utilize the Company's recently acquired revolutionary microwave technology.

The company's agreement is with Qcell Limited located in the country of Estonia. In Estonia 13 million tons of oil shale per year are processed. The agreement is for the development of a continuous feed pilot plant capable of gasifying 33 pounds of Estonian oil shale per hour. The companies are scheduled to finalize their agreement during their meeting at Global Resource corporate offices in New Jersey. Upon the successful operation of the pilot plant, Qcell Limited intends for GBRC to build an initial full-scale plant, utilizing GBRC's revolutionary microwave technology, capable of handling 3 million tons per year.

GBRC's current test unit has delivered excellent gasification results from the Qcell Limited shale tested to date. To date these tests utilizing GBRC's Gas Chromatograph Mass Spectrometer on the oil captured from Qcell Limited's shale indicate a higher conversion of the oil shale to diesel and heating oil while yielding a higher percentage of oil extraction than any other known competing technology. While GBRC's technology gasified the oil out of the shale, reducing the weight of the shale by 45%, Qcell Limited's existing technologies currently is only able to extract 15% by weight.

These results lead GBRC to believe that the company will be able to extract oil from the shale in the ground directly onsite without negatively impacting the surrounding environment and as the oil is recovered it could be fractionalized, thus reducing the need for additional refining.

GBRC's Chief Financial Officer Jeffrey Andrews said: "I am thrilled to state that the company has officially moved from the lab testing phase to the commercial development and sales of its ground-breaking technology. We look forward to having Qcell Limited experience first hand what GBRC's revolutionary microwave technology can do for their company and embarking on a long and prosperous relationship."

GBRC has also received indication from Qcell Limited for the exclusive licensing rights to GBRC's patent pending technology (patent pending #60/750098) for all of Northern Europe. Further details on this license will be forthcoming....

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